My house payment is auto deducted every two weeks. I set this up with Country Wide.
Bank of America took over my loan and has raised the payments a couple dollers every couple of months. This last payment had a $25 increase. I called and asked why. They claimed they were setting me up with a buffer.
I asked why. I was told my taxes went up $50 a year. So they raised my payment $50 month. I told them to stop or I would stick them with the house that is $100K upside-down.
They said they would stop. I will not know until next payment.
Product or Service Mentioned: Bank Of America Loan.